What is a decentralized exchange (DEX)?
Rocky Rock avatar
Written by Rocky Rock
Updated over a week ago

A decentralized exchange (DEX) is a cryptocurrency exchange that operates without a central authority, allowing users to transact peer-to-peer from wallet to wallet whilst maintaining complete control of their assets. DEXs reduce the risk of price manipulation, as well as hacking and theft because crypto assets are never in the custody of the exchange itself.

Popular DEXs in the Avalanche® decentralized finance (DeFi) space currently include Pangolin & JellySwap.

For any additional questions, please visit our knowledge base or contact a support team member via the chat button at support.avax.network.

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